The following table summarizes the activity of RSUs granted to certain employees of the Company for the three and nine months ended September 30, 2026:


	Award
	2026 Long Term Incentive RSUs (1)	2026 Long Term Incentive Time-Vesting RSUs (2)	2026 Promotion RSUs (3)	2025 LTI Awards (4)	Republic Integration Awards (5)	Total	Weighted Average Grant Date Fair Value







Unvested at January 1, 2026	—	—	—	77,793	1,147,456	1,225,249	$	15.39
Granted	349,853	17,389	—	—	—	367,242	21.14
Unvested at March 31, 2026	349,853	17,389	—	77,793	1,147,456	1,592,491	16.72
Granted	106,091	—	25,114	—	—	131,205	18.35
Vested	(25,712)	—	—	—	(114,737)	(140,449)	15.91
Modified and vested	(102,793)	—	—	(11,231)	(172,067)	(286,091)	18.25
Unvested at June 30, 2026	327,439	17,389	25,114	66,562	860,652	1,297,156	16.63
Vested	—	—	—	—	(95,619)	(95,619)	15.39
Unvested at September 30, 2026	327,439	17,389	25,114	66,562	765,033	1,201,537	$	16.73

(1)During the three and nine months ended September 30, 2026, the Company granted zero and 455,944 RSUs (based on performance target) to certain key members of management of the Company, which are subject to both time- and performance-vesting conditions (“2026 Long Term Incentive RSUs”). The 2026 Long Term Incentive RSUs vest based on the achievement of certain pre-tax income, aircraft utilization and flight completion rate metrics, as applicable, subject to certification which will occur as soon as practicable, but no more than 60 days following December 31, 2028, the end of the performance period. The number of 2026 Long Term Incentive RSUs that vest can range from 0% to 200% of the target amount, depending on the Company’s performance against the pre-established targets and if the related service conditions of the holder have been met. For the portion of the awards where the performance-vesting condition has been defined, a grant date has been established and the weighted-average grant date fair value of those 2026 Long Term Incentive RSUs was $20.13 per share. There are also 110,016 RSUs awardable related to income before income taxes and aircraft utilization metrics that will be established by the Company’s Board of Directors during each of the years ending December 31, 2027 and 2028. Share based compensation expense is based on the Company’s anticipated outcome of achieving the performance metrics. During the three and nine months ended September 30, 2026, zero and 102,793 2026 Long Term Incentive RSUs were modified to accelerate vesting and zero and 25,712 2026 Long Term Incentive RSUs were deemed granted and vested immediately.

(2) During the three and nine months ended September 30, 2026, the Company granted zero and 17,389 RSUs to certain key members of management of the Company, which are subject to time-vesting conditions (“2026 Long Term Incentive Time-Vesting RSUs”). The grant date fair value of each 2026 Long Term Incentive Time-Vesting RSU was $21.14 per share. The 2026 Long Term Incentive Time-Vesting RSUs vest ratably over a three-year vesting period.

(3) During the three and nine months ended September 30, 2026, the Company granted zero and 25,114 RSUs to certain key members of management of the Company, which are subject to time-vesting conditions (“2026 Promotion RSUs”). The grant date fair value of each 2026 Promotion RSU was $18.43 per share. The 2026 Promotion RSUs vest periodically over a 33 month vesting period.

(5) During the year ended December 31, 2025, the Company granted 1,147,456 RSUs to certain key members of management, 70% of which are subject to time-based vesting conditions and 30% of which are subject to performance-based vesting conditions (“Republic Integration Awards”). The Republic Integration Awards subject to time-vesting conditions vest in equal installments on the third and fourth anniversaries of closing of the Merger, subject to continued employment of the holder. The Republic Integration Awards subject to performance-vesting conditions vest in one-third tranches upon achievement of specified operational milestones. During the three and nine months ended September 30, 2026, 95,619 and 210,356 RSUs vested from the achievement of two of three performance vesting conditions as set forth in the award. Additionally, during the three and nine months ended September 30, 2026, zero and 172,067 RSUs were modified to vest immediately.